Eliciting Risk and Time Preferences

By Steffen Andersen, Glenn W. Harrison, Morten I. Lau, E Elisabet Rutström. 2008

1,277 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/450225ec12282724134a6f41a89c32a56da9b373

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Citations in the corpus

Stochastically more risk averse: A contextual theory of stochastic discrete choice under risk (2011, background): “See also Papke and Wooldridge (1996) and Andersen et al. (2007) for related justifications of this approach.”
Risk Aversion: Experimental Evidence from South African Fishing Communities (2012, neutral): “(2005): “South African abalone: A cites appendix III candidate?" TRAFFIC Bulletin, 20(2):48.”
The Future in Mind: Aspirations and Forward-Looking Behaviour in Rural Ethiopia (2014, background): “More complex measures are available to combat these problems (Andersen et al., 2008; Andreoni and Sprenger, 2012).”
Fostering Patience in the Classroom: Results from Randomized Educational Intervention (2018, background): “9 See Andersen et al. (2006) for a methodological discussion and Andersen et al. (2008) for its use along with risk preferences in estimating discount rates.”
Risk aversion relates to cognitive ability: Preferences or Noise? (2016, methodology): “Like us, Andersen et al. (2008) also uses subjects that are randomly sampled from the Danish population and they obtain an mean CRRA estimate of 0.7.”
The long-run impact of a traumatic experience on risk aversion (2014, background): “…probabilities to payoff is captured by µ in the following probabilistic choice index in the form of a cumulative probability distribution function (Andersen et al., 2008): ∇EU = EU 1/µ B EU 1/µ A + EU 1/µ B (2) As µ approaches zero, the probability of selecting the option with greater expected…”
Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India (2012, positive): “Individual attitudes to risk were elicited in order to control for the curvature of utility function (Andersen et al. 2008).”
NEUROECONOMICS: A CRITICAL RECONSIDERATION (2008, background): “Andersen et al. (2008b) illustrate how one can apply it to determine if preferences are stable over time, and the subtlety of putting operational structure on that question even in a controlled experimental setting.”
Cognitive (ir)reflection: New experimental evidence☆ (2016, methodology): “…maximize the expected value of the utility function u(x) over monetary prizes x in equation (1), where higher ρ is associated with higher risk aversion (Andersen et al., 2008). u(x) = x1−ρ 1− ρ , ρ 6= 1, (1) Table 4 reports the estimated coefficients using RLP (MPL) data on the left (right)…”
Monotone Stochastic Choice Models: The Case of Risk and Time Preferences (2015, methodology): “In an influential paper, Andersen et al. (2008) implement a field experiment to jointly estimate risk and time preferences, using a representative sample of the adult Danish population comprised of 253 subjects.”
Expected utility theory and prospect theory: one wedding and a decent funeral (2009, background): “[2003], Bardsley and Moffatt [2005], Harrison, Humphrey and Verschoor [2005] and Andersen et al. [2005][2006].”